ArcBest Corporation (ARCB)

NASDAQ: ARCB · IEX Real-Time Price · USD
101.49
+1.23 (1.23%)
Sep 25, 2023, 10:05 AM EDT - Market open
1.23%
Market Cap 2.44B
Revenue (ttm) 4.81B
Net Income (ttm) 237.91M
Shares Out 24.03M
EPS (ttm) 9.49
PE Ratio 10.56
Forward PE 12.42
Dividend $0.48 (0.47%)
Ex-Dividend Date Aug 8, 2023
Volume 15,541
Open 99.87
Previous Close 100.26
Day's Range 99.87 - 102.23
52-Week Range 68.00 - 122.86
Beta 1.59
Analysts Buy
Price Target 118.78 (+17.04%)
Earnings Date Oct 31, 2023

About ARCB

ArcBest Corporation provides freight transportation and integrated logistics services. It operates through three segments: Asset-Based, ArcBest, and FleetNet. The Asset-Based segment transports general commodities, such as food, textiles, apparel, furniture, appliances, chemicals, nonbulk petroleum products, rubber, plastics, metal and metal products, wood, glass, automotive parts, machinery, and miscellaneous manufactured products through less-than-truckload services. It also offers motor carrier freight transportation services to customers in... [Read more]

Industry Trucking
Sector Industrials
Founded 1923
Employees 15,000
Stock Exchange NASDAQ
Ticker Symbol ARCB
Full Company Profile

Financial Performance

In 2022, ArcBest's revenue was $5.32 billion, an increase of 33.77% compared to the previous year's $3.98 billion. Earnings were $298.21 million, an increase of 39.66%.

Financial Statements

Analyst Forecast

According to 10 analysts, the average rating for ARCB stock is "Buy." The 12-month stock price forecast is $118.78, which is an increase of 17.04% from the latest price.

Price Target
$118.78
(17.04% upside)
Analyst Consensus: Buy
Stock Forecasts

News

ArcBest and the Fort Smith Symphony to Host Free Community Concert Celebrating 100 Years of Business and Musical Excellence

FORT SMITH, Ark.--(BUSINESS WIRE)--Community members are invited to attend a free Fort Smith Symphony concert at ArcBest headquarters on Saturday, October 7.

4 days ago - Business Wire

ArcBest CEO Judy McReynolds on state of freight, supply chain revamp

Judy McReynolds, ArcBest CEO, joins 'Squawk Box' to discuss the state of freight and supply chain, impact on the broader economy, union contract negotiations, and more.

27 days ago - CNBC Television

ArcBest Recognized by Forbes as One of America's Best-in-State Employers for 2023

FORT SMITH, Ark.--(BUSINESS WIRE)--ArcBest was named a 2023 Forbes America's Best-in-State Employer. ArcBest ranks #3 in Arkansas and #1 in the state for transportation and logistics.

27 days ago - Business Wire

Yellow blames bankruptcy filing on ‘bullying' by Teamsters

Yellow, the Nashville, Tenn.-based trucking company announced late Sunday that it had filed for bankruptcy, and pulled no punches in putting the blame squarely on the Teamsters union, saying the union...

Other symbols: ODFLSAIAXPO
7 weeks ago - Market Watch

ArcBest Announces Second Quarter 2023 Results

Well-positioned to serve customers in a rapidly changing market Increased focus on efficient and effective operations Second quarter 2023 net income of $40.4 million, or $1.64 per diluted share. Secon...

2 months ago - PRNewsWire

ArcBest Declares a $0.12/Share Quarterly Dividend

FORT SMITH, Ark. , July 26, 2023 /PRNewswire/ -- The Board of Directors of ArcBest® (Nasdaq: ARCB) has declared a quarterly cash dividend of twelve cents ($0.12) per share to holders of record of its ...

2 months ago - PRNewsWire

ArcBest Announces Its Second Quarter 2023 Earnings Conference Call

FORT SMITH, Ark. , July 10, 2023 /PRNewswire/ -- ArcBest ® (Nasdaq: ARCB) will announce its second quarter 2023 financial results prior to the opening market on Friday, July 28, 2023.

2 months ago - PRNewsWire

ABF Freight® Teamsters Contract Fully Ratified

Five-year ABF National Master Freight Agreement with International Brotherhood of Teamsters fully ratified including all regional agreements Final 2 of 27 supplemental agreements passed this week Impl...

2 months ago - PRNewsWire

ABF Freight® National Master Freight Agreement Ratified

Five-year ABF National Master Freight Agreement with International Brotherhood of Teamsters ratified overwhelmingly, along with 25 of 27 supplemental agreements Two rejected supplements have reached n...

3 months ago - PRNewsWire

ArcBest: A Best-In-Class Trucking Company

ArcBest Corp. ( ARCB , Financial) celebrates its 100th year of business this year and continues to be an integral part of the U.S. trucking industry, which is one of the most valuable segments to the ...

3 months ago - GuruFocus

ArcBest's chief yield officer steps down

Transportation and logistics provider ArcBest said Thursday that Chief Yield Officer Danny Loe has resigned to “explore other opportunities.” Loe informed the company on Monday that his last day would...

3 months ago - FreightWaves

ArcBest Announces Promotion of Christopher Adkins as Yield Leader and Departure of Chief Yield Officer Danny Loe

FORT SMITH, Ark. , June 8, 2023 /PRNewswire/ -- ArcBest ® (Nasdaq: ARCB), a leader in supply chain logistics, today announced its Chief Yield Officer Danny Loe has decided to leave the company effecti...

3 months ago - PRNewsWire

ArcBest defends dynamic pricing strategy

Transportation and logistics provider ArcBest is relying more on transactional freight to keep its network full as demand has cooled. The company recorded shipment growth in both its asset-based and a...

5 months ago - FreightWaves

ArcBest Announces First Quarter 2023 Results

Grew Shipments Despite a Softer Market Backdrop Executing on Accelerated Return of Capital to Shareholders Following Recent Sale of FleetNet America First quarter 2023 net income, including discontinu...

5 months ago - PRNewsWire

ArcBest Recognized for Employing, Developing and Supporting Veterans and the Military-Connected Community

Company honored as a 2023 VETS Indexes 4 Star Employer and recognized for its TMAP program FORT SMITH, Ark. , April 19, 2023 /PRNewswire/ -- ArcBest® (Nasdaq: ARCB), a leader in supply chain logistics...

5 months ago - PRNewsWire

ArcBest names new CFO

Transportation and logistics provider ArcBest announced Thursday that finance veteran Matt Beasley will take over as chief financial officer on May 14. He will also retain his current role as the comp...

6 months ago - FreightWaves

ArcBest Names Experienced Finance Executive Matt Beasley as Next Chief Financial Officer

FORT SMITH, Ark. , April 6, 2023 /PRNewswire/ -- ArcBest ® (Nasdaq: ARCB), a leader in supply chain logistics, today announced it has named Matt Beasley as its next chief financial officer and treasur...

6 months ago - PRNewsWire

ArcBest Announces Its First Quarter 2023 Earnings Conference Call

FORT SMITH, Ark. , April 3, 2023 /PRNewswire/ -- ArcBest ®  (Nasdaq: ARCB) will announce its first quarter 2023 financial results prior to the opening market on Friday, April 28, 2023.

6 months ago - PRNewsWire

ArcBest fires top 2 truckload brokerage execs in surprise move

In a surprise move, transportation firm ArcBest Corp. announced on Wednesday a reorganization that included the abrupt departures of the founder and CEO of MoLo Solutions Inc., a 6-year-old truckload ...

7 months ago - FreightWaves

ArcBest's Q1 update shows impact of dynamic pricing model

Transportation and logistics provider ArcBest provided a mixed bag of an update to the first quarter Monday ahead of the market open. Tonnage in the company's asset-based unit, which includes less-tha...

7 months ago - FreightWaves

ArcBest Rolls Out Technology to Speed Up Freight Loading

Trucking company ArcBest Corp. is expanding its logistics services with new technology allowing warehouse workers to load and unload truck trailers rapidly, addressing one of the biggest pain points f...

7 months ago - WSJ

ArcBest touts system for loading, unloading trailer in one motion

ArcBest announced Wednesday the launch of warehouse freight movement technology that allows all of the freight on a trailer to be loaded or unloaded at once. The Vaux Freight Movement System incorpora...

7 months ago - FreightWaves

ArcBest Launches Revolutionary Freight Movement Technology

Vaux™ freight movement technology transforms intralogistics processes, creating efficiencies that move supply chains forward. FORT SMITH, Ark.

7 months ago - PRNewsWire

ArcBest trims product offering with $100M sale of FleetNet

Transportation and logistics provider ArcBest announced the sale of FleetNet America after the market closed Tuesday. The unit, which provides emergency roadside and preventive maintenance services, w...

7 months ago - FreightWaves

ArcBest® Announces Sale of FleetNet America® and Increased Share Repurchase Program

Cox Automotive, a division of Cox Enterprises, Inc.™, acquires FleetNet America® for $100 million ArcBest's board has increased the company's share repurchase program authorization to $125 million FOR...

7 months ago - PRNewsWire